Buhari had enough time to reconsider his position, but chose instead to send soldiers and ‘political jobbers’ into an already tense conflict zone, said the self-styled Ultimate Warriors, a militia claiming capability to launch rocket attacks and hit deep-sea installations while threatening to “ground the oil economy.” With production down to 1.4 million barrels per day at the nadir, then partially offset by unexpected buoyancy in marginal field performance, the Nigerian treasury has had a rough time, with oil price volatility amid disrupted output leading to a collapse in state revenues.
Even
